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20121101
20121130
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unplugged. superstorm sandy gave life to a new set of scams. find out how to protect yourself. and, why the creator of star wars is giving "new hope" to education. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning everybody. i'm angela miles. it's november 2nd, and it's jobs friday. it may or may not be deal-breaker for voters, but tensions are high over the jobs numbers due out today. it's anticipated 125,000 jobs were added in october, and the unemployment rate edged up to 7.9% from 7.8%. in the latest numbers on jobs, adp reports 158,000 jobs were added to payrolls last month, while the goverment reports claims for unemployment benefits last week fell by 9,000 to 363,000. stocks surged ahead of today's jobs numbers. the dow rallied 137 points, the nasdaq up 43, and the s&p popped 16 pts. gold dropped $4 and oil inched up to nearly $87. tim mulholland of china america capital joins us now from the trading floor of cme group. good morning, good to have you on the show this morning on this jobs friday. > > go
will take you inside a local military base that is sending help to victims of super storm sandy. >>> good afternoon, i am tori campbell. in many parts of the northeast they are still reeling from the devastation of sandy. the national death toll from the storm is now 81 and in new jersey the hardest hit state the death toll has climbed to at least 14. more than 1 million new jersey power customers are still without electricity. the national guard is stepping in to help thousands of residents left trapped in the floodwaters. >> i was very nervous, we were wearing our vest inside the house. if it came up another foot and a half or a big wave came in it would have been devastating. >> recovery efforts could take months with estimates in the billions. >>> a major gas shortage is sweeping there as the east coast tries to get back to normal drivers are waiting in long lines for gas. some customers say they waited for an hour or more in mile long lines, 1 man said he wanted for 45 minutes, he was almost at the front when the station ran out of gas. >>> help is on the way from the bay area to the
are surfacing about people trying to profit on superstorm sandy by selling gas for as much as $20 per gallon including on craigslist. and finance ministers and central bankers of the g-20 are commiting to stregthen efforts to hold up the sluggish global economy. let's get the feeling from the trading floor with john brady of rj o'brien. happy election day to you. what do you anticipate will happen in market action? > > i think today will probably march sideways. i think most of the attention will be on tonight and maybe the early morning hours tomorrow as regards the election races. now, it's not just the presidential race that will have the markets focused. keep in mind there are 34 senatorial seats that are likewise up for election, and as markets start to look ahead toward the fiscal cliff, which will start wednesday or thursday, as soon as these results are announced, then equations and challenges regarding the fiscal cliff need to be weighed by the market, and that will be the next big trade for the market. > > i think another big wave would be greece, with this new threat of a possibil
's in addition to 69 people killed in the caribbean before hurricane sandy moved north. drivers in parts of new york and new jersey waited in long lines again today for gas. in someplacing, you see, lines stretch for three to four miles. some stations ran out of gas, while dozening of drivers were waiting. authorities say more than half of all gasoline stations in the new york and new jersey area are shut down, due to power outages or storm damage. >>> sunday's new york city mayor none was canceled today. new york city mayor michael bloomberg made the announcement just hours after he promised the race would go on despite the damage. estimated 40,000 runners from around the world had been expected to take part in that marathon. the race had been scheduled to start in staten island, which is one of the hardest hit areas from this week's storm. >>> and in 7 minutes, staten island residents say they have been left behind in relief efforts, and we asked california senator barbara boxer about what's being done, and if help is getting to those that need it. >>> four days before the election, new unemp
of super storm sandy. how relief workers are trying to help and what the mayor of new york is now urging victims to do. >>> good morning, and welcome to mornings on 2 it's sunday, november 4th i'm mike mibach. >> and i'm claudine wong. let's check in on your weather with rosemary orozco. it's warming up? >> yeah addition fall warming in the forecast for today. we fell back in the overnight hours because of it the sun is already shining. we're looking at anywhere from 4-8 degrees of warming for your afternoon today. you can see 4-5 for santa rosa, san francisco, livermore as well as san jose. i'll break down these number for you and talk about the patchy fog and cool conditions outside your door at this hour coming up. >>> new this morning employees of railey's knob hills foods are on strike for the first time in the company's 77 year history. workers hit the picket line an hour ago. >> reporter: this knob hill store opened at 6:00 a.m. just as scheduled. if we take a peek inside here it looks pretty empty. there is only one person working all the cash registers. and that is because just
that is expected to hit parts of new york and new jersey already devastated by superstorm sandy. mark sebastian of option pit mentoring gives us our first look at the trading day, and what do you anticipate on this post-election day mark? > > well, president obama won, so let's look at what his policies are really going to do. i think he's a weak dollar president. so what does that mean? gold is going to rally, commodities are going to rally. i think you will still have people searching for yield, so the stock market is going to rally. we will see a big sell- off in the vix, and we should see a sell-off in the u.s. dollar as well. > > what do you think about gold and oil here? yesterday they both ramped up. > > we saw both buying ahead of an obama victory. there is a strong belief that gold could make an end-of-year run through its all-time highs toward that $2,000 level. oil is a little more demand-centric, so expect it to test $90, maybe $95 in wti, but i doubt it's going to be testing new highs toward the end of the year. > > as you know, consumer confidence is up. we have retailers repo
. >>> the death toll from super storm sandy has risen to more than 100 in the united states and canada. utilities say nearly 4 million customers are still without electricity but that is down from 8.5 million at the peak. many people are still waiting for relief supplies. one forecasting company puts the insured loss from sandy at 20 billion dollars and the economic loss at 50 billion. >>> people trying to buy gasoline face really long lines in parts of new jersey and new york. take a look at this cue of cars in new jersey. authorities say more than half of all gasoline services in the new york and new jersey metro area are shut down due to power outages and storm damage. >>> the ipad minihas arrived. we are live in palo alto and will show you how many people are forking out cash to buy apple's newest gadget. >> and rosemary is up soon with details on a great weekend for the bay area. >>> also mail thieves caught on tape. how you can protect your information. >>> a 24 hour nurses strike at the hospitals in the bay area ended this morning. the nurses say they are upset over proposed cuts to sick l
the california air national guard got to the east coast last week following hurricane sandy, they were met with a rude reality. what happened to the local national guard troops who heeded the call of hurricane sandy? >> reporter: there is still a lot of activity going on here at moffett field today as the local air national guard unit gets ready for the next emergency situation. after returning from a hurricane sandy mission that in a sense never got off the ground. workers for the california air national guard 129th rescue wing are making sure its helicopters are ready for the next time. the helicopters were loaded on to a transport plane and along with about 100 airmen headed out to the east coast for possible rescue operations for then hurricane sandy. today some said they were ready for anything. >> swift water rescue to picking people off of house tops with the helicopters, providing medical care, whatever we need to do, we'll be ready to do it. >> reporter: but it didn't happen. the 129th commander says the national guard called for assistance on a nationwide basis as sandy picked up
days -- to deal with hurricane sandy and he was praised for your that. why did he decide to go campaigning in las vegas within hours after four americans were killed in benghazi, in a terror attack. >> chris, as i said, immediately when word of the attack came, the president was meeting with his top national security folks, talking to them, well into the night. he was in touch with them, during the day, as -- during the next day as well. so, there is no question about the fact that he was focused on this. >> chris: but, why did he feel he could campaign within hours after a terror attack? >> well, everything... everything was put in motion, that he could put in motion, everything, every conversation that needed to be had was being had between him and his top national security officials. >> chris: let's turn to the election. here's the latest real clear politics map based on an average of recent polls. let's put it up on the screen. it shows states solid or leading obama and we put them all in blue with 201 electoral votes, states solid and leaning romney in red, 191 votes and 1
temperatures will be nice though the days are shorter. >> thank you. on to the coverage of sandy. new jersey's governor said the jersey shore he knew and loved may be a thing of the past. there is to much damage and rebuilding it back to the way it was may set it up for another disaster. many gas stations were forced to close. officials are running out of fuel to keep generators running. >>> this is new video out of new york city showing the thousands of people lined up to use buses. the line wraps around the new barkley center in brooklyn where tonight's scheduled opening basketball game was postponed because of sandy. the subway system that carries 5.2 million a day has only partly reopened but only north of 34th street because tunnels are still flooded. as a result there is been heavy car traffic coming in and in order to encourage people to use mass transit instead of trying to drive the governor has ordered all public transit to be free today. >> wow. bellevue hospital just finished evacuating. theynational guard troops lined the stair wells helping carry out people. some went down mo
to the residents in the northest left without power due to superstorm sandy. let's find out what's on the minds of traders this morning. phillip streible of rjo futures joins us on this monday morning. good morning to you. > > good morning to you. > > what was going on with that sell-off on friday? was that classic buy-on-the-rumor-of- the-jobs-number and then sell- off-on-the-news? > > it was really interesting. i mean, traders started to jump in and we got some momentum after the number came out. the number was perceived very well, and we saw that push upwards. but as the day progressed, traders became more and more concerned about the election that's going to be tomorrow and what the results will be. so, it felt wise to maybe take some money off the table, stand aside and get back to safety. > > the market hates uncertainty. money though was moving out of gold. what is that telling you? > > that was actually very interesting, because we would have thought that that safety play would have been a push into the metals. but in all reality, it was more of a repatriation back to the dollar, sellin
on the east coast to help out after super storm sandy, some met with a harsh reality. we are live at moffat field with the troops that headed the call and did not complete their mission. roberts. >> well the local international guard unit at moffat field is back home to help with then hurricane sandy to find themselves grounded. the california international guard 129th rescue wing is making sure helicopters stay in good conditions because members never know when a call for help will come. when sandy was a hurricane, the national guard put out a nationwide call for assistance. governor jerry brown approved the mobilization, a group that specializes in complicated rescues, on october 29th, the wing loaded up planes with equipment and 100 airmen, today some airmen told me they were ready. >> whenever we go, we are prepared to do pretty much anything. especially on this last deal. we could have ended up in the mountains just as easily as downtown manhattan. >> the 29th waited on alert for delaware five days. >> we get into an area quickly, the northeast had a large number of resource because th
:11. one week after sandy why east coast residents have to evacuate again. and the extreme measures being taken to make sure people dealing with sandy's aftermath can get out and vote. >> a controversial idea what california state university isproposing that made the students just furious. >>> lots of sunshine and it will be nice but not as warm as yesterday but way above average on temps and big changes start tomorrow. but maybe one more day of a couple record highs. >> thank you, steve. >>> one week after sandy devastated many seaside towns in new jersey, some people are being told to evacuate again. the office of emergency management is ordered people living in low lying areas in brick township new jersey to evacuate ahead of an approaching nor'easter. the town is expected to see more than an inch of rain and wind gusts up to 55 miles per hour during the storm. that alone is not unusual. but it could create a storm surge and add to the flooding. >>> turnout for the election has been heavy even in locations that saw heavy damage from super storm sandy. here you can see people long lines
vote. >> it is possible. hurricane sandy changed the likelihood because a depressed turnout in new york and new jersey. the most likely outcome is alignment. maybe a splitout come between the house and the senate and as you noted earlier divide government is most likely. >> we are updating the election returns, you see at the bottom of the screen, you can go to the bottom of the screen and look for our home page. >>> our election day coverage continues. getting started when we get back. >>> on the ballot is governor brown's tax initiative to raise money for education. he went for a final push to get proposition 30 passed. amberly is in sack where -- sacramento where the governor is scheduled to watch the returns. >> we are inside of the main ballroom in downtown sheraton in downtown sacramento. this is where the governor jerry brown and prop 30 are holding a watch party after the polls close at 8:00. workers have set up the decorations, signs and a podium. the governor spent the morning in oakland. he voted at a fire stationary his home. he held a press conference to try to get last mi
in the latest polls. >>> election officials say they are hopeful super storm sandy won't keep the voters from the polls despite wide spread power outages. in new jersey governor chris christie will be able to cast paper ballots. they will also have the option of faxing or e-mailing their ballots. voters in some new york counties could get an extra day to cast ballots if turnout falls below 24%. >> you will all vote old school. you will vote paper ballot. which means we'll take it a little longer to count but everyone will have their opportunity to count. >> we will do whatever we can. we have got to make sure everybody can vote. >> voters in new york could have an especially tough time casting a ballot. polling locations have been relocated or combined due to the storm. >>> time now almost 5:06. new this morning a small earthquake in a part of new jersey still recovering from the super storm. it was a magnitude 2.0 quake centered in ringwood new jersey. they are still dealing with down trees and power outages. now wile the quake didn't cause any damage, some people heard a loud woman woman -
is preparing for another big storm, even as the region works to recover from sandy. a nor'easter could hit midweek causing more beach erosion, flooding and rain. thousands of homes are still without power in new york city where temperatures are expected to drop in the 20s overnight. >> people are in homes that are uninhabitable. it and that will become increasingly evident when the power and heat don't go on. >>> seven people including four children are safe after being rescued from a capsized vote in marin county. >> they used a saw to rescued he cue two kids right there. they were trapped more 90 minutes in that upsite down boat. a helicopter rescued two other children and -- their both overturned near the bay yesterday afternoon. no one was wearing a life jacket. so everyone is lucky to be alive. >> thank god the kids got away alive. >> one adult suffered from mine off injuries. still not clear -- minor injuries. still not clear why it flipped over. >>> we want to check in with sal. >> it's a little bit busier today. we have an accident west 80 as you drive through richmond. we've had s
on the east coast are still cleaning up from super storm sandy but now they are being told to brace for another storm. meteorologist say a nor'easter is expected to hit the region later today. it could be weaker than anticipated but it could bring wind gusts that could bring down tree limbs. >>> coming up next in our 5:00 hour the final results came in hours ago. the critical california measure involving schools and taxes. >> i believe we can see this future together. because we are not as divided as our politics suggests. >> president obama prepares for another four years in the white house after a decisive victory. stay with us.
york and new jersey officials are scrambling a week after superstorm sandy devastated that area. both states are delivering ballots to emergency shelters. they will allow vetters to cast ballots at any open polling station. some polling missions have no electricity. finding housing for the storm victims who lost their homes is a much larger problem. they number in the 10s of thousands. local, state, and federal officials have yet to come up with a long term solution. in addition, about 1.4 million homes and businesses are still without power. one new jersey utility said all of its customers should be back online by friday. >>> in another installment of a ktvu investigation into chevron refinery inspections, we have information tonight on cal- osha's part in the process. the agency has a limit the number of resources to inspect more than 1,000 refineries. two years ago, after a deadly fire at a tasoro refinery. it only looked at their paperwork. >> did we do a walk around? no. >> reporter: cal-osha concluded that california's refineries are some of the safest in the nation. greg is sen
. >> let's talk about sandy. a lot of people were worried it may impact the election. we were -- talking about how seven% of the population, they decided in who they were going to vote for. do you think sandy had any impact? >> it may have and this is the president at his finest. the moments where he was stand with the governor in new jersey, active anden caged and looking presidential. it was his best closing argument with how he handled the hurricane. since things have started to fall apart and the last couple days the reports have focused on the communities left out but as -- the timing of the election was falling, this was -- the best closing argument he could have had. >> we will keep you here all night. talk to you throughout the evening. really a very interesting race that's still way to close to call. razor thin margins. we will be back with a lot more after this. >> and as we leave you we want to show you arizona, its been called for romney. 57%, president's 43% in the state of arizona. travel advisories to small business loans. government car auctions to finding a new job. t
the money lost last week from the cancelations during hurricane sandy. >> reporter: in boston, rita williams, ktvu, channel 2 news. >>> president obama's reelection is being heavily attributed to the votes of minorities and young people. fox news exit polls show 60% of voters under the age of 30 chose mr. obama. he received support from 93% of blacks. 73% of asians, and 71% of hispanics. the president's victory points to the nation's changing demographic. >> republicans are not clicking with those groups. and as those groups grow, and republican policy stays the same, they're going to continue to lose elections. young republicans say the gop needs to start at the root of the group in its outreach efforts. >>> how prop 30 effects college tuitions right away. >> the northeast is in the middle of a nor'easter bringing 60 mile-an-hour winds. this storm is not nearly as intense as sandy. but some recovery and cleanup work has stopped until it passes. it has also brought more power outages. thousands of residents who had just gotten their lights back on only to have it out again. one woman asked h
for victims of sandy. he met with more than a half dozen lawmakers on capitol hill. the state of new york is asking for $42 billion in additional federal aid and new jersey needs federal aid to cover most of the nearly 37 billion-dollar cost for recovery and rebuilding. >> trying to stop a killer. we are just finding more about the brave action of one man during that cement plant shooting last year. it cost him his life. > shocking stories from survivors of that fire. the action of managers that increased the death toll. iramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. . >>> cloudy to mostly cloudy. windy as well, temperatures upper 60s for some, some light rain but a break today until tonight and then another strong system,
of the super storm sandy to the polls, officials on the east coast have a new big problem. a winter storm a nor'easter expected to hit that region later today could cause more flooding and more beach erosion. new york city police are using loud speakers. they are urging people in low lying areas to get out to evacuate. this storm could also dump up to a foot of snow in yautias are still dealing with power outages. >>> back here at home a santa clara elementary school principal accused of selling drugs is due in court this morning to enter a plea. police arrested erik dean lewis back in september after they say he offered drugs to an under cover police officer. a search of his home in san francisco turned up meth, ecstasy pills and other charges. he's been charged with five felonies. after his arrest he was placed on unpaid administrative leave. >>> in a couple hours jury deliberations resume in if -- he is accused of assaulting seven women. if he's convicted dozer could face live in prison. >>> we are getting closer to 6:00. it could be getting a little more crowded on the roads. let's check in
is in critical condition at this hour. the truck driver was not hurt. >>> two weeks after superstorm sandy the governor of new york is now poised to ask the federal government for $30 billion in federal disaster aid. governor andrew cuomo says the money is needed to repair the region's transportation infrastructure, and reimburse government for overtime paid to police and other emergency personnel. and estimated 100,000 homes are still without power. the governor says federal aid could also help upgrade the power grid and he is promising a thorough review of why the power company's response to the energy seemed so slow. >> they will be held accountable for past performance and then we also have to get smart about this and we have to make sure we're prepared for when this happens again. because i believe this will happen again. >> president obama is scheduled to tour the new york city area on thursday and will be briefed on the rebuilding effort. >>> volunteers in contra costa county went to work tonight preparing some much needed supplies to send the people back east who are in those storm
for the president, hurricane sandy through the -- the end of the campaign. this is the campaign we knew it would be two years ago. an incumbent president that was popular but was split 50/50. that's what the results was. he was able to outmobilize florida and virginia and ohio. these states that made sure people got out to vote. despite the enthusiasm is what i think carried obama through. this is largely based on the fundamentals. the spending didn't really move very much. >> despite the fact that it was so close, what do you think that will mean for obama's second term. >> he wins as president bush said in 2004 he had some political capital now and he can spend it. but this is a very narrow victory. so i think the question becomes do the republicans in congress having potentially increased their margins in the house but lost some senate seats do they come now and say let's negotiate the grand bargains that we could have negotiated four years ago. let's deal with the debt problems, let's deal with these big issues that are coming the start of this calendar year. or does this become a rescue. th
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